Board of Commissioners of the Port of New Orleans v. Virginia Harbor Services

The opinion of the court was delivered by: Honorable George H. WU United States District Judge

JS-6

RULE 54(b) FINAL JUDGMENT ORDER AS TO: (1) SII, INC., SHI, INC. AND FRANK MARCH; AND

Date: September 24, 2012 Time: 8:30 A.M.

Judge: Honorable George H. Wu Ctrm: 10

The Court has considered Plaintiff Board of Commissioners of the Port of New Orleans' ("Plaintiff") Motion for Final Approval of Class Action Settlements ("Marine Pilings Settlements") with Defendants: (1) SII, Inc., SHI, Inc. and Frank March (collectively, "Seaward Defendants"); and (2) Andrew Barmakian ("Barmakian") (together with Seaward Defendants, "Settling Defendants"), and has held a duly-noticed final approval hearing on September 24, 2012. The Court expressly finds, pursuant to Rule 54(b) of the Federal Rules of Civil Procedure, that there is no just reason for delay, and therefore expressly directs the entry of Final Judgment as to the Settling Defendants:

IT IS HEREBY ORDERED, ADJUDGED AND DECREED as follows:

1. The Court has jurisdiction over the subject matter of this litigation.

2. Terms used in this Final Judgment Order which are defined in the Settlement Agreements between the Plaintiff and the Settlement Classes on the one hand and the Settling Defendants on the other hand are, unless otherwise defined herein, used in this Final Judgment Order as defined in the Settlement Agreements.

3. The Court finds that the Marine Pilings Settlements were based on vigorous arm's-length negotiations, which were undertaken in good faith by counsel with significant experience litigating antitrust class actions.

4. The Court finds that due and adequate notice was provided pursuant to Rule 23 of the Federal Rules of Civil Procedure to all members of the Settlement Classes certified herein, notifying the Settlement Classes of, inter alia, the pendency of the above-captioned action and the proposed Marine Pilings Settlements with the Settling Defendants. The notice provided was the best notice practicable under the circumstances and included individual notice by First Class mail to all members of the Settlement Classes who could be identified through reasonable effort as well as notice published in the Investor's Business Daily. Notice fully complied in all respects with the requirements of Rule 23 of the Federal Rules of Civil Procedure and the due process requirements of the Constitution of the United States.

5. With respect to the Seaward Defendants Settlement Agreement, this Court certifies the following class for settlement purposes only:

All persons and entities (but excluding Defendants, their predecessors, parents, subsidiaries, affiliates, and co-conspirators and United States federal government entities) who purchased Marine Pilings in the United States directly from the Seaward Defendants, Named Co-Conspirators, any other Defendant or any of their predecessors, parents, subsidiaries, or affiliates at any time during the period from and including January 1, 2000 to and including August 31, 2005.

With respect to the Barmakian Settlement Agreement, the Court certifies the following class for settlement purposes only:

All persons and entities (but excluding Defendants, their predecessors, parents, subsidiaries, affiliates, and co-conspirators and United States federal government entities) who purchased Marine Pilings in the United States directly from any Defendant or Named Co-Conspirator or any of their predecessors, parents, subsidiaries, or affiliates at any ...

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